(45) Related party disclosures
Accounting and measurement policies
Related party disclosures
Related parties in respect of the Group within the meaning of IAS 24 are as follows:
E. Merck KG, Darmstadt, Germany
E. Merck Beteiligungen KG, Darmstadt, Germany, a related party of E. Merck KG, Darmstadt, Germany
Emanuel-Merck-
Vermögens-KG, Darmstadt, Germany, a related party of E. Merck KG, Darmstadt, Germany Direct or indirect subsidiaries of Merck KGaA, Darmstadt, Germany
Joint ventures and associated companies of the Group
Pension funds that are classified as defined benefit plans in accordance with IAS 19
Members of the Executive Board and the Supervisory Board of Merck KGaA, Darmstadt, Germany, close members of their families and companies controlled or jointly controlled by this group of persons
Members of the Executive Board and the Board of Partners of E. Merck KG, Darmstadt, Germany, close members of their families and companies controlled or jointly controlled by this group of persons
Transactions were conducted with related parties as follows:
|
|
Income |
|
Expenses |
|
Receivables |
|
Liabilities |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
€ million |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|
Dec. 31, 2025 |
|
Dec. 31, 2024 |
|
Dec. 31, 2025 |
|
Dec. 31, 2024 |
E. Merck KG, Darmstadt, Germany |
|
3.4 |
|
3.1 |
|
11.7 |
|
16.4 |
|
0.0 |
|
0.0 |
|
1,077.6 |
|
1,178.7 |
E. Merck Beteiligungen KG, Darmstadt, Germany, a related party of E. Merck KG, Darmstadt, Germany |
|
1.7 |
|
1.6 |
|
42.4 |
|
33.4 |
|
0.0 |
|
0.0 |
|
1,660.1 |
|
990.1 |
Joint ventures |
|
2.8 |
|
3.3 |
|
0.0 |
|
0.0 |
|
0.6 |
|
0.8 |
|
0.0 |
|
0.0 |
Associated companies |
|
0.4 |
|
0.6 |
|
0.0 |
|
0.1 |
|
5.5 |
|
8.9 |
|
0.0 |
|
0.0 |
Non-consolidated subsidiaries |
|
0.4 |
|
0.4 |
|
0.1 |
|
0.1 |
|
3.1 |
|
3.0 |
|
0.7 |
|
2.9 |
Majority interest in non-controlled companies |
|
0.3 |
|
0.4 |
|
0.0 |
|
0.1 |
|
0.0 |
|
0.0 |
|
0.5 |
|
0.5 |
Merck Pensionstreuhand e.V., Darmstadt, Germany, a related party of E. Merck KG, Darmstadt, Germany |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.1 |
|
0.0 |
|
0.0 |
|
0.0 |
Merck Capital Asset Management Limited, Malta, a subsidiary of Merck KGaA, Darmstadt, Germany |
|
0.0 |
|
0.1 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
As in the previous year, the liabilities of Group companies in respect of E. Merck KG, Darmstadt, Germany, primarily resulted from reciprocal profit transfers between Merck KGaA, Darmstadt, Germany, and E. Merck KG, Darmstadt, Germany, as well as the profit transfer by Merck & Cie KmG, Altdorf, Switzerland, a subsidiary of Merck KGaA, Darmstadt, Germany, to E. Merck KG, Darmstadt, Germany. They also included financial liabilities of € 327.3 million (December 31, 2024: € 435.3 million) that were subject to standard market interest rates. Furthermore, financial liabilities in respect of E. Merck Beteiligungen KG, Darmstadt, Germany, a related party of E. Merck KG, Darmstadt, Germany, in the amount of € 1,660.0 million (December 31, 2024: € 990.0 million) were also subject to standard market interest rates (see Note (37) Financial debt/capital management). Neither collateral nor guarantees existed either in favor or to the disadvantage of the Group.
Information on pension funds that are classified as defined benefit plans in accordance with IAS 19 can be found in Note (33) Provisions for employee benefits.
Information on Executive Board and Supervisory Board compensation can be found in Note (46) Executive Board and Supervisory Board compensation. Above and beyond this, no material activities between companies of the Group and members of the Executive Board or the Supervisory Board of Merck KGaA, Darmstadt, Germany, members of the Executive Board or the Board of Partners of E. Merck KG, Darmstadt, Germany, or members of their immediate families took place in either fiscal 2025 or the previous year.